OfflineJust a quick question that might have been answered before but I just want to know if the Real Estate Attorney writes a check to the seller after you close? And is this done at the same time we would recieve our check? Because we obviously have a few Investors already with cash in mind that we might assign our contract to. So basically I am just wondering how all the money transactions would be handled. I'm a little confused by this so a little insight would be appreciated! Thank You!!
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this is a good question. at the time of closing or otherwise known as settlement,all money is distributed at the end of it. So yes the seller would get paid you possibly would get paid and anyone else would get paid that includes taxes insurance, everyone gets cut a check right at settlement so everything has the same time and date on it.
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